Find Out How Much I Can Afford to Buy a House with Mortgage Calculator

Before you meet with a lender to get mortgage prequalification, it’s a good idea to evaluate your personal financial situation and come up with a monthly payment range that you and your family can comfortably afford. You can use your current comfort level with your rent payment and look at your monthly income and expenses to estimate your own ideal mortgage payment. Don’t forget that when you become a homeowner your housing payment will include principal and interest, property taxes and homeowners’ insurance. If your down payment is less than 20 percent, you’ll need to pay private mortgage insurance. In addition, you may need to budget to pay homeowner association dues. Use this calculator to guesstimate your monthly mortgage payment, including taxes and insurance to find your own comfortable payment.

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5%

1%

5%

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$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

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    All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Multiple Listing Service, Inc. Detailed information about real estate listings held by brokerage firms other than Real Estate include the name of the listing broker. Neither the listing company nor Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Information contained herein is deemed reliable but not guaranteed.

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